Retail News

American Eagle reports slowing e-com sales but higher profits

CNBC 09/02/2021

Some investors took their gains today, selling off American Eagle stock on a second-quarter report that showed online sales missing analysts’ targets. The apparel brand’s digital sales slumped 5 percent vs. the same period last year. The company’s earnings, however, topped expecations: 60 cents adjusted vs. the expected 55 cents.

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